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Rich Asplund

Coffee Prices Jump on Brazilian Real Strength and Brazil Weather Concerns

Ice Brazil USDA United States Vietnam Safras Mercado the USDA FAS Volcafe

July arabica coffee (KCN25) today is up +13.60 (+3.93%), and July ICE robusta coffee (RMN25) is up +101 (+2.26%).

Coffee prices today are sharply higher, with arabica posting a 1-week high. Today's rally in the Brazilian real (^USDBRL) to a 3-week high against the dollar has sparked short covering in coffee futures. The stronger Brazilian real discourages export selling from Brazil's coffee producers.

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